Public Sector Pension Investment Board Raises Holdings in Johnson Controls International plc $JCI

Key Points

• The Public Sector Pension Investment Board increased its holdings in Johnson Controls International plc by 7.0%, now owning 89,591 shares valued at approximately $7.17 million.
• Johnson Controls recently reported $1.05 earnings per share for the quarter, beating analysts' expectations, with a revenue of $6.05 billion.
• The company authorized a $9 billion share buyback program, signaling confidence in its stock being potentially undervalued.

Public Sector Pension Investment Board lifted its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 7.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,591 shares of the company's stock after buying an additional 5,896 shares during the period. Public Sector Pension Investment Board's holdings in Johnson Controls International were worth $7,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Independent Advisor Alliance lifted its holdings in Johnson Controls International by 22.5% in the first quarter. Independent Advisor Alliance now owns 10,357 shares of the company's stock valued at $830,000 after acquiring an additional 1,903 shares during the period. First American Trust FSB increased its position in shares of Johnson Controls International by 11.9% during the 1st quarter. First American Trust FSB now owns 51,148 shares of the company's stock valued at $4,097,000 after purchasing an additional 5,421 shares during the last quarter. SouthState Corp lifted its stake in shares of Johnson Controls International by 1,902.9% in the 1st quarter. SouthState Corp now owns 701 shares of the company's stock worth $56,000 after purchasing an additional 666 shares during the period. CCM Investment Group LLC purchased a new position in shares of Johnson Controls International in the first quarter worth approximately $2,508,000. Finally, Nuveen LLC bought a new stake in Johnson Controls International during the first quarter valued at approximately $219,110,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

Johnson Controls International Trading Down 0.9%

NYSE JCI traded down $0.9390 on Tuesday, hitting $104.7710. 1,317,583 shares of the stock were exchanged, compared to its average volume of 4,745,232. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96. Johnson Controls International plc has a 52-week low of $67.68 and a 52-week high of $112.63. The firm has a market capitalization of $68.56 billion, a P/E ratio of 31.10, a P/E/G ratio of 1.84 and a beta of 1.30. The stock has a fifty day moving average price of $105.64 and a two-hundred day moving average price of $92.97.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.06. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.99 billion. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. Johnson Controls International has set its FY 2025 guidance at 3.650-3.680 EPS. Q4 2025 guidance at 1.140-1.170 EPS. Research analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International declared that its board has initiated a share repurchase program on Friday, June 13th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 13.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 23rd were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, June 23rd. Johnson Controls International's dividend payout ratio is currently 43.92%.

Insider Transactions at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $103.69, for a total transaction of $147,447.18. Following the transaction, the vice president directly owned 140,881 shares of the company's stock, valued at approximately $14,607,950.89. This trade represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Anuruddha Rathninde sold 15,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $103.13, for a total value of $1,546,950.00. Following the completion of the sale, the vice president owned 42,574 shares of the company's stock, valued at $4,390,656.62. The trade was a 26.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,266 shares of company stock worth $1,986,931 over the last 90 days. Insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on JCI shares. Zacks Research upgraded shares of Johnson Controls International to a "hold" rating in a research report on Monday, August 11th. Royal Bank Of Canada raised their target price on Johnson Controls International from $112.00 to $114.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. boosted their price target on Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a report on Friday, May 16th. UBS Group reaffirmed a "buy" rating and issued a $116.00 price objective (up previously from $103.00) on shares of Johnson Controls International in a research note on Thursday, May 22nd. Finally, Robert W. Baird lifted their price objective on Johnson Controls International from $90.00 to $110.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $105.17.

Johnson Controls International Company Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.